More states consider mandatory financial literacy classes as high-school students struggle with basic budgeting

Days after a federal commission suggested mandatory financial-literacy courses for college students, two states are closing in on similar requirements for high schoolers.

State senates in North Carolina and Rhode Island passed bills this week that would incorporate financial-literacy instruction into their education standards.

Both the North Carolina and Rhode Island bills will need approval in the state’s other legislative chamber and must be signed by their respective governors to become law.

The two East Coast states could become the country’s 20th and 21st states requiring high school students to take financial literacy classes if the bills pass, according to Christopher Caltabiano, chief program officer at the Council for Economic Education.

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